Ann: Response to Cobaltech TSX Announcement, page-2

"In respect of the proposed acquisition of the Refinery from Yukon, Equator notes that due diligence, while incomplete, is progressing well".

And the SP has stumbled yet again today as a result of this unfortunate announcement.

*If* management kept their eye on the ball throughout the DDP before making the offer, an announcement like this should rarely see the light of day. The stock has suffered heavily recently an now will possibly be placed under further selling pressure from this action.

Big picture still looking bright ...however this is a management oversight IMO that shouldn't have happened and it's the poor ol' mums and dads investors that cop the brunt of it. With a little luck, a writ is not executed and the event passes quickly so we can get on with the business of setting up / mining / and processing Cobalt.